U.S. Rep. Bobby L. Rush Hosts 10 Weeks to Homeownership Housing Conference to Increase African-American Homeownership
Chicago, IL. ---- U.S. Rep. Bobby L. Rush (D-IL.), the First Congressional District of Illinois Housing Task Force, and the Rebirth of Englewood Community Development Corporation (ROE CDC) will host the second in its 2004 series 10 Weeks to Homeownership Conference on Saturday, July 31, 2004, from 9:00 A.M. - 3:00 P.M., at the Prairie-Hills Elementary School District 144, located 3035 West 163rd Street, next to the City Hall of Markham, Illinois.
The 10 Weeks to Homeownership program is for individuals who do not realize that they could be in a home of their own in just 10 weeks, said Congressman Rush. We will walk participants through the homeownership process, highlighting key facts such as the cost of renting, in many cases is less than or equal to mortgage payments, Rush concluded.
Congressman Rush, the Congressional Black Caucus Foundation, the First Congressional District of Illinois Housing Task Force, and the Rebirth of Englewood CDC have joined in a nationwide effort to create over 1 million new homeowners by 2005. The 10 Weeks to Homeownership Program is designed to target persons who are paying rents comparable to mortgages and moves them into homeownership. To accomplish this goal, the First Congressional District of Illinois will host eight 10 Weeks to Homeownership conferences and related workshops throughout 2004. The result will be the transition of 1,025 residents from renters to homeowners, totaling over $128 million in new mortgages. Since the start of the program in April of 2003, the First Congressional District of Illinois Housing Task Force has reported over $9 million in new mortgages.
At the conference, participants will receive free credit reports and attend seminars that educate attendees on moving from rentership to homeownership. It is important to note that all attendees will qualify for participation in the 10 Weeks to Homeownership program. Attendance at the conference is at no charge to participants. Breakfast and lunch will be provided.
Ten Weeks to Homeownership Conference/Addendum One
The 10 Weeks to Homeownership program, stated Vincent Barnes, Executive
Director of ROE CDC, has enjoyed tremendous success since its inception, and for that reason it is important that we continue this initiative because (home) ownership is the key to personal and community wealth.
For more information, please call the Rebirth of Englewood CDC at 773/778-2371 or register for the Conference online at www.roecdc.net.
The 10 Weeks to Homeownership Conference is opened to credential media.